HDSI traded over 56M shares today after announcement of the new financial agreement (see below) & closed trading session with 60.71% gain. We like trading of highly liquid penny stocks but alway do this with some degree of caution. Wonder why?

HDS International has over 538M shares issued and outstanding as of April 2011.

Company’s market cap as of today is $145M.

Company’s assets are ONLY $2,879.

Not enough? Here is more:

On August 15th company increased authorized share count to 2,000,000,000!

PROVIDENCE, R.I., Aug. 18, 2011 /PRNewswire/ — HDS International Corp. (OTCQB: HDSI), a provider of industrial ocean-based biomass production and other high-value eco-sustainability solutions, today announced that it has entered into a financing agreement with certain accredited investors, providing for, among other things, immediately available funding.
Under the terms of the financing, Wiremu, Inc. will make available under a convertible promissory note the aggregate principal amount of $500,000 to HDS, bearing simple interest of 3.0% and due and payable February 2013, unless previously prepaid in full at the sole discretion of the Company. The note, or any part thereof, is convertible at the Company’s sole discretion into shares of common stock of the Company at a conversion price of $0.25 per share.[…]

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